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> me: And in fact all of the fiat currencies I know of originated as representative money. > you: Before the 1900s the vast majority of currencies were valued
by jfrunyon 5y ago
> me: And in fact all of the fiat currencies I know of originated as representative money.
> you: Before the 1900s the vast majority of currencies were valued based on their precious metal content (gold or silver), not government fiat.
ORLY? I didn't know that. Oh wait I literally said it in the comment you replied to.